FBS Global Ltd (FBGL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 444.44% of current shares
Recent Dilution: 20.0% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
14M
Potential Supply
60M
Additional shares possible
Splits
None
Past 2 years

Summary

FBGL currently has 13.5M outstanding shares. with significant dilution risk as 60M authorized shares could dilute existing holders by 444.4%. The company has diluted shareholders by 20.0% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

20-F filing | 13.5M shares outstanding

14M 60M
Oct 17, 2025

F-1 filing: FBS Global Limited is filing an F-1 form to offer a minimum of 20,000,000 and a maximum of 40,000,000 Ordinary Shares at an offering price of US$0.25 per Ordinary Share.

14M 60M
May 15, 2025

20-F filing | 11.3M shares outstanding

11M 2.3M
Dec 05, 2024

F-1 filing: This is an F-1 filing for an initial public offering of FBS Global Limited's ordinary shares, with a proposed offering price between $4.50 and $5.00 per share. They intend to list their ordinary shares on the Nasdaq Capital Market under the symbol "FBGL".

11M 2.3M
Nov 04, 2024

RW filing: FBS Holdings Limited requests the withdrawal of its Registration Statement on Form F-1 (File No. 333-281514) because it no longer plans to consummate the offering described in the Registration Statement.

11M 0
Aug 13, 2024

F-1 filing: This is an F-1 filing for an initial public offering of ordinary shares with a concurrent resale offering by existing shareholders.

11M 4.1M
Aug 13, 2024

RW filing: FBS Holdings Limited requests the withdrawal of its Registration Statement on Form F-1 (File No. 333-269469) because it no longer plans to consummate the offering described in the Registration Statement and represents that no securities were sold in connection with the Registration Statement.

11M 4.1M
Jul 25, 2024

POS AM filing: The company is conducting an initial public offering of ordinary shares and resale shareholders are offering to sell existing ordinary shares.

11M 0
Jun 28, 2024

20-F filing | 11.3M shares outstanding

11M 3.8M
Jan 31, 2023

F-1 filing: This is an F-1 filing for an initial public offering of Ordinary Shares.

11M 3.8M
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